What Happens to Social Media and other Digital Assets At Death?
When an individual dies, all his material property is transferred according to his written will. But what alternatives are for digital assets? What can be done to social media accounts, emails, youtube videos etc?
Of course, a person can hand over complete control of his digital estate to his beneficiaries. But the main reason to avoid such actions is a risk of post-mortem fraud, which has become more and more often in recent years. The family members sometimes experience not only online defamation, but even financial fraud performed on behalf of the defunct person.
Memorialization and Facebook
When the Facebook account is memorialized, a “remembering” icon is set near the deceased person’s name. Besides, the account can’t be logged into, preventing fraudsters from gaining access to the profile. The positive aspect is that the family and friends can post memories on the timeline. Along with that the memorialized account is removed from public options like birthday reminders, ads, friend suggestions, cherishing the memory of the deceased person and saving it from fraud.
The other social networks like Twitter do not provide such a luxury approach like memorializing. Their solution is permanent and plain – the account is deactivated on the beneficiary’s request.
Over the last decade the cloud networks appeared to be the main storage space for all information types. But when a person passes away, his account is left inaccessible. That is why Google developed the “Inactive Account Manager” solution, which offers the ability to set the required amount of time to the user. When this time is over (usually 3-12 months), the media from the inactive account is transferred to the chosen beneficiaries. Besides, Google offers the option to delete all files from the account, including Picasa albums, Youtube videos etc. after the same inactivity period.
As Paypal is the largest payment platform in the USA, it offers perfect and safe ways to recover assets of the deceased person. The money transferring usually occurs when Paypal receives the official documents from the estate executor including a cover sheet which acknowledges the death of the account holder, the executor’s written wish to close the account, documents verifying the executor’s identity, etc.
If you have any questions about digital assets transferring you can always contact Morgan Legal Group PC – our team of legal professional specialize in the sphere of asset protection. Learn more about the company’s services at http://morganlegalny.com/about-us/.